SK Group announced on Tuesday that it signed a memorandum of understanding on Monday with Topsoe Fuel Cell, a Danish fuel cell company, to develop and commercialize solid oxide fuel cells as a future energy source. Higher in efficiency than previous types of generators, the SOFCs are the rising energy source for future generations, SK Group said. A SOFC generates electricity through the electrochemical reaction of liquefied natural gas, diesel and biogas. The energy conglomerate said that the SO

Industry May 15, 2012

British Parliamentary Under-Secretary of State for Transport Mike Penning said Monday he is looking to build partnerships between Korean and British transportation-related companies concerning technology. Speaking in a news conference in Seoul, the British minister said that he came to Korea to look into technology that can contribute to making transportation of London more environmentally clean. “It is a big project with a 100-year-old metro and 10 million people living in London, to modernize

May 14, 2012

 YEOSU, South Jeolla Province -- The Expo 2012 Yeosu has arranged several eye-catching events and performances throughout it’s run. During the three-month Expo, various concerts, street performances, water shows and other cultural spectacles performed by artists from here and abroad will be staged. The organizers said the Expo offers about 90 cultural events and performances every day until the maritime festival ends on Aug. 12Big Star ShowThe Big Star Show happens every weekend and includes per

May 11, 2012

The Pony Chung Foundation presented on Thursday Kakao Talk chairman Kim Beom-su with the Pony Chung Innovation Award. Pony Chung Innovation Award is presented to people who have achieved great changes with innovative ideas. The award was first made in 2006, and given to Ban Ki-moon, now secretary-general of the United Nations.  The sixth recipient was awarded in recognition of his creation of a new channel for mobile communication, organizers said. One of his mobile creations is Kakao Talk, the

People May 10, 2012

Hyundai Motor’s Avante won the Most Remarkable Award at the Beijing International Motor Show, the country’s leading carmaker said on Tuesday. Winning the most out of the 6.75 million votes counted, the award-winning sedan has made a promising premier in the automobile market, the company said. First presented in 2005, the Most Remarkable Award is given by three major motor shows in China, Shanghai Motor Show, Beijing International Motor Show and Guangzhou International Motor Show. The award is p

Mobility May 8, 2012

Graeme Toft has taken office as the new CEO of the world’s major coffee brand Nestle Korea, the company said on Monday. Toft had gained experience through his career as the representative director of Nestle Pacific Islands, the coffeemaker said. After entering Nestle Korea through the marketing department, the new CEO took over sales and marketing operation in Japan, Singapore and Malaysia. In 2010 he was dubbed the representative director of the company’s Pacific Islands operation.  The company

May 7, 2012

ThyssenKrupp Elevator Korea said on Monday that the company has named Park Yang-chun as its new CEO. The elevator company briefly convened a board of trustees last month to approve the appointment. Park then took up the post and began his work as CEO.For the past 20 years, Park has built up his career in Hyundai Heavy Industries, LG Industrial Systems and Otis Elevator Korea. Park is an expert in strategic planning and overseas operation, according to the company. Park said that he was pleased t

May 7, 2012

Janssen Korea has said that it will offer scholarships to children suffering from mental disorders. The medical firm signed an agreement last week with an organization for children’s welfare to operate supporting funds worth about 190 million won ($166,700) to help mentally ill children. Over the past 24 years, Janssen Korea had been running a scholarship for economically needy children, aiding a total of 3,300 students with 3.3 billion won.  After Korea extended its government-paid compulsory e

May 7, 2012

Hyundai Motor Group provided dozens of green-energy transportation vehicles for the Yeosu Expo 2012 on Sunday.The 51 eco-friendly vehicles include hydrogen fuel-cell operated Tucson ix and Mohave cars; electric-powered Ray EV and BlueOn vehicles; hydrogen fuel-cell buses, and compressed natural gas hybrid buses. The green-energy transportation will mostly be used to carry Expo staff, performance groups and organizing committee members. Among these vehicles, 20 hydrogen fuel-cell operated and ele

Industry May 6, 2012